2010 (8) TMI 367

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....     Shri P.V. Seth, Advocate, for the Appellant. Shri J.S. Negi, SDR, for the Respondent. [Order per : Archana Wadhwa, Member (J)]. - After hearing both the sides we find that demand of duty stands confirmed against M/s. Santram Metal & Alloys Pvt. Limited along with imposition of penalty on them and the other appellants on the ground that the amount of modvat credit ....

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.... evidences were relied upon in the notice. It may be noticed here that M/s. Santram Metals & Alloys Pvt. Limited were granted a new license by the department. 3. It is the appellant's contention that M/s. Santram Metals & Alloys Pvt. Limited came into existence only with effect from31-7-2006, as is clear from the certificate of incorporation. The said fact also stands accepted by the Reven....

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....r the lapses on the part of the previous proprietary unit. 4. In any case, submits the learned advocate that subsequent to passing of the stay order by prima-facie holding a view that demands cannot be settled against M/s. Santram Metals & Alloys Pvt. Limited, unconditional stay was granted. Revenue has now issued a show cause notice dated30-9-2009to M/s. Omkar Metals and Alloys proposing ....